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The Following Information Is Available for Mullen Company for the Year

Question 205

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The following information is available for Mullen Company for the year ended December 31, 2014:  Accounts payable 4,700 Stock investments 8,400 Accumulated depreciation, equipment 4,000 Retained earnings 16,000 Common stock 4,800 Intangible assets 2,500 Notes payable (due in 5 years) 6,000 Accounts receivable 1,500 Cash 2,600 Debt investments 3,000 Land 10,000 Equipment 7,500\begin{array}{lr}\text { Accounts payable } & 4,700 \\\text { Stock investments } & 8,400 \\\text { Accumulated depreciation, equipment } & 4,000 \\\text { Retained earnings } & 16,000 \\\text { Common stock } & 4,800 \\\text { Intangible assets } & 2,500 \\\text { Notes payable (due in 5 years) } & 6,000 \\\text { Accounts receivable } & 1,500 \\\text { Cash } & 2,600 \\\text { Debt investments } & 3,000 \\\text { Land } & 10,000 \\\text { Equipment } & 7,500\end{array} Instructions
Use the above information to prepare a classified balance sheet for the year ended December 31, 2014.

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